RBI in its bi-monthly Monetary Policy statement has maintained a status quo keeping the key interest rates unchanged. The reverse repo rate remains unchanged at 3.35%, repo rate at 4%. RBI proposed the RTGS system to become 24X7 from Dec. 2020.
RBI will extend the scheme for co-lending to all NBFC, HFC.
Union Minister inaugurated virtual "International conference on Mental Health: Looking Beyond COVID 19". C. Jeffrey, Director, Australia-India Institute co-chaired conf. It had 5 sessions wherein experts touched upon issues like multicultural mental health
Australia Capital: Canberra;
Currency: Australian dollar.
Ramesh Pokhriyal 'Nishank' virtually inaugurated Gyan Circle Ventures, a MeitY funded Technology Business Incubator of IIIT, Chittoor, AP. Gyan Circle Ventures would function as a Technology Incubation and Development of Entrepreneurs incubation center.
AP CM: Y. S. Jaganmohan Reddy;
Governor: Biswabhusan Harichandan
For promoting & developing AYUSH systems of healthcare, AIIA, AYUSH ministry has inked an MoU with Amity University. MoU envisages collaboration to ensure quality & standardisation of Ayurvedic drugs & in PhD prog in natural product chemistry & pharmacy.
AYUSH- Ayurveda, Yoga&Naturopathy, Unani, Siddha and Homoeopathy
New Development Bank, also known as BRICS Bank has approved infrastructure projects worth $741mn. in India. Shanghai-based bank approved a loan of $500mn for the Delhi-Ghaziabad-Meerut RRTS Project & a loan of $241mn for the Mumbai Metro Rail II Project.
NDB was established by Brazil, Russia, India, China & S. Africa
Cabinet gave its approval for signing MoC in field of cyber-security between India & Japan. MoC in¬cludes capacity building in area of cyberspace, co-op. in emerging tech, sharing info on cyber security threats & malicious cyber activities, etc.
Japan's Capital: Tokyo;
Currency: Japanese Yen.
World Bank in its latest South Asia Economic Focus report stated that India’s GDP is expected to contract by 9.6% this fiscal which is reflective of the national lockdown & income shock experienced by households, firms due to the COVID-19 pandemic.
World Bank HQs: Washington D.C., US;
Founded: July 1944.
Louise Gluck has won 2020 Nobel Prize in Literature for her unmistakable poetic voice that with austere beauty makes individual existence universal. Prof at Yale University, Glück made her debut in 1968 with her collection titled 'Firstborn'.
She is prominent poet in American contemporary literature
TN has partnered with World Economic Forum to establish India’s first advanced manufacturing hub in state. AMHUB is one of the 19 platforms designed by WEF. It focuses on engaging regional production ecosystems to identify address regional opportunities.
WEF HQs: Cologny, Switzerland;
Founder: Klaus Schwab.
Infosys announced to acquire US-based Blue Acorn iCi, an Adobe Platinum partner, provider of digital customer experience, commerce & analytics solutions for $125 million. Acquisition will to add to company’s capabilities in digital commerce marketplace.
Infosys CEO: Salil Parekh;
HQs: Bengaluru.
BMRCL has signed MoUs with corporate companies to develop upcoming metro stations under their CSR funds. Infosys to fund ₹200cr. for construction of Konappana Agrahara metro station and Biocon Foundation will be funding ₹ 65cr. for Hebbagodi Metro station
Karnataka Governor: Vajubhai Vala;
CM: B. S. Yediyurappa.
Union minister for Consumer Affairs, Food & Public Distribution, Ram Vilas Paswan passed away. He was 74. He was elected to Lok Sabha eight times and also held the record of winning his constituency, Hajipur, with the highest margin for several years.
He was the founder of Lok Janshakti Party.
Mario Molina, only Mexican scientist to be honored with Nobel Prize in chemistry, 1995 passed away. He was 77 years old. He won prize along with F.S. Rowland of US & P. Crutzen of the Netherlands for their research into climate change.
Mexico's Capital: Mexico City;
Currency: Peso.
World Post Day is celebrated each year on 9 October, the anniversary of the establishment of the Universal Postal Union in 1874 in the Swiss Capital, Bern. It was declared World Post Day by the UPU Congress held in Tokyo, Japan in 1969.
The highest post office in world is at Hikkim, Himachal Pradesh.
RBI has extended term of R. K. Chhibber, Chairman & MD of Bank by a further period of 6 months w.e.f. 10th Oct 2020 or till appointment of MD & CEO, whichever is earlier. In June 2019, RBI had appointed Chhibber as interim CMD on removal of Parvez Ahmed.
J&K Bank HQs: Srinagar;
Founded: 1 Oct 1938.
UP govt has signed the concessionaire agreement with Zurich Airport to start development of Greater Noida’s Jewar Airport. The agreement grants Zurich Airport the license to design, build and operate Noida International Airport for a period of 40 years.
Zurich won bid for building greenfield airport in Nov 2019.
Nilesh Shah has been re-elected as Chairman of Association of Mutual Funds in India. Earlier elected as Chairman for 2019-20 would continue to hold the office till the conclusion of next AGM. AMFI is dedicated to developing the Indian Mutual Fund Industry
AMFI was incorporated on August 22, 1995
IIT KGP has designed robotic system capable of identifying plant diseases through camera-captured image analysis & spraying pesticide. It is a tracked mobile manipulator aims to achieve conflicting objectives of increased productivity, improved quality.
IIT KGP is the first of the IITs to be established in 1951.
Indian Foreign Service Day is observed on Oct 9 to mark the creation of this branch this day in 1946. PM greeted the IFS officers and said that the efforts of officers during the Vande Bharat Mission & other COVID related assistance have been noteworthy.
The IFS Day is celebrated on 9 October every year since 2011.